Centro Properties Group
TypePublic (ASX: CNP)
IndustryProperty Development, Property Management
FoundedFebruary 18, 1985 (1985-02-18)
(as Jennings Properties Limited)
HeadquartersMelbourne, Australia
Area served
Australia
New Zealand
United States
Key people
Glenn Rufrano (CEO)
Mark Wilson (CIO)
Graham Terry (COO)
ProductsCentro Retail Trust
Centro Watt Trust
Centro MCS Syndicates
Centro Direct Property Fund
Centro Direct Property Fund International
Centro Wholesale Funds
ServicesProperty Development and Management
Decrease $469.72 million (2006-07)
Total assetsIncrease A$30.9 billion
Number of employees
~ 900+ (within Australia) [1]
Websitewww.centro.com.au

Centro Shopping America Trust (formally Galileo Shopping America Trust) is an investment product part of Centro Properties Group that acquires shopping centers all around the United States. It was acquired by Centro Properties Group in May 2007 from Galileo Property Trust Group (ASX: CSF).[2] In October 2007, Centro Shopping America Trust successfully merged with Centro Retail Trust (CER) and was subsequently delisted from the Australian Securities Exchange.[3] Centro Retail Trust is an Australian Securities Exchange (“ASX”) Listed Property Trust managed by Centro Properties Group (“Centro”). Listed in August 2005, CER offers investors an income return with exposure to quality Australian, New Zealand and United States of America shopping centres. Centro Retail Trusts's portfolio is valued at approximately $8.31 billion (2007). Centro Retail's investment philosophy is to provide investors with access to pure retail property ownership.

References

  1. ↑ Employment Opportunities – Centro Properties Group
  2. ↑ "Galileo Shopping America Trust". Archived from the original on 2007-08-29. Retrieved 2007-11-20.
  3. ↑ "TEXT-Centro Retail to merge with Centro Shopping America". Reuters. 2007-08-27. Retrieved 2020-09-01.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.